Leverage is at levels never previously seen and that's what's been driving prices to record levels.
The weakest are getting hit the hardest. Lithium prices have risen vertically as if there's no top.....well there is and the result is that the lithium sector is being hit as hard as any, its the BNPL of the minerals sector.
Not all stocks are getting hit but the ones that were based on unsustainable raw materials prices are justifiably getting a pasting and they wont return to those levels......unless of course you think punters are going to leverage themselves to the hilt and make the same mistake again - otherwise known as "The greater fool theory"
Hard to believe 47.5¢ Target is on the Horizon...., page-57
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